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Solana's Cardinal shuts down citing economic conditions
29.6.2023
According to the protocol's closing schedule, part of the operations will cease on July 19, while the withdrawal period ends on August 26
Official Minecraft Subreddit Shuts Down, Says 'We No Longer Feel Reddit Is An Appropriate Place'
29.6.2023
As protests continue over on Reddit, the world’s largest community forum that is now inexplicably being turned into an engine for shareholder-driven greed, one of its biggest gaming subreddits has announced that it will be leaving the platform for good.Read more
Crypto Payments Firm Wyre Shuts Down — Users Told to Remove Assets From Platform
18.6.2023
Wyre, the San Francisco-based crypto payments firm, has said it is winding down operations “in order to protect the best interests” of its users and stakeholders. The firm urged users with assets on its platform “to continue to withdraw them via Wyre’s dashboard until Friday, July...
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years
10.5.2023
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest....
PlayStation Shuts Down Concrete Genie Dev Amidst Continued Pivot To Prestige
5.5.2023
Sony has quietly closed down PixelOpus, one of its first-party PlayStation Studios. Based in San Mateo, California, the studio was responsible for 2014’s Entwined and 2019’s Concrete Genie.Read more
FTX Bankruptcy Claims Another Casualty: Web3 Video Game Storybook Brawl Shuts Down – Here's the Latest
26.4.2023
At this point, one would have thought the FTX domino effect was over, but the latest report suggests the opposite.
After forcing many over-leveraged firms to close shop, the FTX liquidity crunch has claimed the another crypto-related business.
The latest Bloomberg report revealed that Storybook...
Nigerian Crypto and Web3 Startup Lazerpay Shuts Down After Failing to ‘Close a Successful Funding Round’
15.4.2023
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from...
Nigerian crypto payment startup shuts down, offers IP for sale
14.4.2023
Nigerian crypto and Web3 company Lazerpay shuts down due to the inability to raise funds and advises users to withdraw funds before April 30
Crypto Ecosystem Loses Another P2P Marketplace As Paxful Shuts Down – End of an Era?
5.4.2023
Peer-to-peer crypto marketplace Paxful became another victim of this particularly freezing crypto winter.
"Today, Paxful will be suspending its marketplace. We are not sure if it will come back," said on Tuesday Ray Youssef, Paxful Founder and CEO.
The Paxful Wallet, however, will remain...
Ethereum Archive Node service shuts down saying it ‘succeeded’
4.4.2023
ArchiveNode.io has closed its doors following three years of providing archived Ethereum blockchain node data
Crypto Exchange Bittrex Shuts Down US Operations Due to Regulatory Uncertainty
2.4.2023
Cryptocurrency exchange Bittrex is shutting down its U.S. operations due to “continued regulatory uncertainty” as U.S. regulators increase their enforcement efforts against cryptocurrency trading platforms. Regulatory requirements currently “are often unclear and enforced without...
SEC Takes Action Against Crypto Trading Platform Beaxy and Its Executives
31.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated...
Venezuela shuts down crypto mining facilities, exchanges amid corruption probe
25.3.2023
According to Venezuela's attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
11.3.2023
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
11.3.2023
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions...
Bitcoin node connection shuts down: BlueWallet users urged to withdraw funds
24.2.2023
BlueWallet seeks to promote self-custody solutions and greater levels of decentralization with its decision to sever the connection to lndhub.io
$200 Million Galois Crypto Hedge Fund Shuts Down as Half of Assets Stuck on FTX Exchange – This is What Happened
21.2.2023
Crypto hedge fund Galois Capital has closed its flagship fund after losing almost half of its capital in the FTX collapse, and later selling the claim to the assets.
The hedge fund confirmed the news in a Twitter thread on Monday where it said “it is true that our flagship fund is shutting down.”...
Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’
21.2.2023
Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told...
Crypto Hedge Fund Galois Shuts Down After Losing $40 Million to FTX: FT
20.2.2023
Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
9.2.2023
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin...